Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.74 million trigger PLUS linked to WisdomTree Japan Hedged
By Susanna Moon
Chicago, March 5 - UBS AG, London Branch priced $1.74 million of 0% Performance Leveraged Upside Securities due Sept. 1, 2016 linked to WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 33.6%.
If the fund falls by up to the 90% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Securities LLC is the underwriter.
Issuer: | UBS AG, London Branch
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $1,474,000
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Maturity: | Sept. 1, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 33.6%; if fund falls by up 10%, par; otherwise, full exposure to any losses
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Initial level: | $47.71
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Trigger level: | 90% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | UBS Securities LLC
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Fees: | 2.25%
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Cusip: | 90271T711
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